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After you file
It looks like there are 2 problems:
1) I you made a 2019 $6,000 non-deductible Traditional IRA contribution then you failed to enter it in the IRA contribution interview so that it would be on line 1 [edited] of the 8606.
2) If line 2 has $5,500 then that says that you have prior years carry forward basis of $5,500. If line 1 has the $6,000 2019 contribution that it should had you entered it, then line 3 would be $11,500 in the IRA.
But line 7 indicates that you only converted $6,002 and line 6 says that the year end IRA value was zero so what happened to the line 2 $5,500?
Did you also do a 2018 (or earlier) conversion that was not reported correctly so $5,500 carried over?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎September 10, 2020
7:39 PM